9. Stock-Based Compensation (Tables)

12 Months Ended

Oct. 31, 2020

Table Text Block Supplement [Abstract]

Schedule of Stock Options Activity

Information with respect to the Company’s stock options for fiscal years 2020 and 2019 is as follows:

	Number of stock options	Weighted average exercise price	Weighted average remaining contractual term (in years)	Aggregate intrinsic value
Stock options outstanding at November 1, 2018	1,522,000	$ 3.47	6.2	$ 1,800
Stock options granted	542,500	$ 1.96
Stock options exercised	-	$ 0.00
Stock options forfeited	(217,500)	$ 1.98
Stock options outstanding at October 31, 2019	1,847,000	$ 3.20	6.4	$ 2,200
Stock options granted	659,500	$ 1.94
Stock options exercised	(16,000)	$ 1.45
Stock options forfeited	(800,500)	$ 3.14
Stock options outstanding at October 31, 2020	1,690,000	$ 2.77	6.9	$ -
Stock options exercisable at October 31, 2020	809,000	$ 3.34	4.9	$ -

Schedule of Assumptions Used

he fair value for these stock options was estimated at the date of grant using a Black-Scholes stock option pricing model, with the following weighted average assumptions for fiscal years 2020 and 2019:

	Years ended October 31,
	2020	2019
Expected dividend yield	0%	0%
Expected volatility	87-117%	87-117%
Risk-free interest rate	0.37 – 2.94%	1.43 – 2.94%
Expected term (years)	6.5	6.5
Discount for post-vesting restrictions	N/A	N/A

Schedule of Stock Equity Plans

The Company recognized share-based compensation expense for all awards issued under the Company’s stock equity plans in the following line items in the consolidated statement of operations:

	2020	2019
Cost of revenues	$ 11,000	$ 17,000
Research and development	$ 74,000	$ 110,000
Selling, general and administrative	$ 382,000	$ 486,000
	$ 467,000	$ 613,000

Schedule of equity compensation granted

The following table summarizes the plans under which the Company granted equity compensation as of October 31, 2020:

Name of Plan	Shares Authorized	Shares Available for Grant	Shares Outstanding	Last Date for Grant of Shares
PASSUR Aerospace, Inc., 2009 Stock Incentive Plan	3,000,000	0	1,027,500	February 24, 2019
PASSUR Aerospace, Inc., 2019 Stock Incentive Plan	5,000,000	4,337,500	662,500	February 26, 2029